7.30 Midday Market Outlook
The overall structure of the Big Cake and the Second Cake is a consolidation pullback after a rebound that met resistance. In the short term, bullish momentum is weakening, and selling pressure above is gradually becoming apparent.
The Big Cake rebounded in the morning to the 64,393 area but was rejected, then moved lower in a sideways-down pattern. It is currently repeatedly probing around the 64,000 level. The highs on the smaller timeframes are gradually getting lower, and the lows have shifted down as well, giving short-term bearishness a slight edge. Support around 63,600–63,576 needs close attention. If this zone is broken effectively to the downside, it could trigger further pullbacks.
The Second Cake is comparatively weaker. Its early rebound high around 1921 was clearly capped by prior overhead resistance, followed by continued decline. It has now moved close to the 1,900 psychological level. The intraday low near 1,893 is key short-term support—if it fails, downside room will open. Overall, both face short-term pullback pressure. For trading, the main approach is to look for short opportunities on rebounds.
Trading Plan (Sell on rebounds)
Big Cake
Entry zone: 64,100 - 64,300
Target: 63,600 - 63,200
Stop-loss: 64,550
Second Cake
Entry zone: 1,910 - 1,920
Target: 1,890 - 1,875
Stop-loss: 1,932
Note: The current trend is bearish. Consider lightly shorting when price rebounds toward the resistance area. If the Big Cake breaks below 63,600 effectively, or the Second Cake breaks below 1,893, you can chase shorts in line with the move, with targets adjusted downward to below 63,200/1,875.$BTC #ETH
The overall structure of the Big Cake and the Second Cake is a consolidation pullback after a rebound that met resistance. In the short term, bullish momentum is weakening, and selling pressure above is gradually becoming apparent.
The Big Cake rebounded in the morning to the 64,393 area but was rejected, then moved lower in a sideways-down pattern. It is currently repeatedly probing around the 64,000 level. The highs on the smaller timeframes are gradually getting lower, and the lows have shifted down as well, giving short-term bearishness a slight edge. Support around 63,600–63,576 needs close attention. If this zone is broken effectively to the downside, it could trigger further pullbacks.
The Second Cake is comparatively weaker. Its early rebound high around 1921 was clearly capped by prior overhead resistance, followed by continued decline. It has now moved close to the 1,900 psychological level. The intraday low near 1,893 is key short-term support—if it fails, downside room will open. Overall, both face short-term pullback pressure. For trading, the main approach is to look for short opportunities on rebounds.
Trading Plan (Sell on rebounds)
Big Cake
Entry zone: 64,100 - 64,300
Target: 63,600 - 63,200
Stop-loss: 64,550
Second Cake
Entry zone: 1,910 - 1,920
Target: 1,890 - 1,875
Stop-loss: 1,932
Note: The current trend is bearish. Consider lightly shorting when price rebounds toward the resistance area. If the Big Cake breaks below 63,600 effectively, or the Second Cake breaks below 1,893, you can chase shorts in line with the move, with targets adjusted downward to below 63,200/1,875.$BTC #ETH